Funds Hub
Money managers under the microscope
Morning line-up
Hedge fund stories from the past 24 hours from Reuters and elsewhere:
Hedge funds still aren’t reducing their fees – WSJ
Hedge fund firm Brevan Howard to open Swiss office – Reuters
Hedge funds jittery about registration – WSJ
Changing demographics look to alternative market- FTAdviser
Hedge funds are winners from recession- Democrat and Chronicle
AIMA offers revised hedge fund administrator guide- Finalternatives
Odey to stay in the UK
So Odey Asset Management isn’t going to be leaving the UK after all.
CEO David Stewart told me today that the firm, which is planning to open a Swiss office, will “always have operations in the UK”, despite government plans for a 50 percent tax rate on top earners.
Nevertheless, the Sunday Times interview with Crispin Odey reflects the frustration many in the hedge fund industry feel from a combination of higher taxes and what they perceive as the UK’s failure to protect them from tougher EU rules, driven by the French and Germans.
